Top of Georgia Economic Development Initiative Inc

Analysis

Top of Georgia Economic Development Initiative Inc is a registered charity in United States, based in Rock Spring, GA. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Top of Georgia Economic Development Initiative Inc reported income of $151k and spending of $216k, spending 143% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $224k to $151k (-33%), an average of -9.4% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Top of Georgia Economic Development Initiative Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 50th percentile within GA. Charities of a similar size with the same main cause include Time Dollar Institute Inc ($151k), Appa Association of Higher Education Facilities Officers ($151k) and The Freeland Center for Performing Arts Foundation Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $182k against liabilities of $0, net assets of $182k.